Css LLC Il Purchases New Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

CSS LLC IL acquired a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,491 shares of the business services provider's stock, valued at approximately $462,000.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in Euronet Worldwide in the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in shares of Euronet Worldwide during the 4th quarter worth approximately $58,000. Covestor Ltd boosted its holdings in shares of Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after buying an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in shares of Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after buying an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after buying an additional 709 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 11.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EEFT shares. Keefe, Bruyette & Woods reduced their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. Stephens reissued an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Needham & Company LLC decreased their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Finally, Wall Street Zen cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Euronet Worldwide has a consensus rating of "Moderate Buy" and an average price target of $125.57.

Euronet Worldwide Stock Performance

Shares of EEFT traded down $1.03 during mid-day trading on Friday, hitting $105.13. 305,334 shares of the company's stock were exchanged, compared to its average volume of 359,793. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $117.66. The business's 50 day moving average is $102.19 and its two-hundred day moving average is $101.97. The firm has a market capitalization of $4.55 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.78 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting analysts' consensus estimates of $1.13. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The company had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. During the same period last year, the firm earned $1.28 EPS. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.